Fredrik H. Westerhout - 10 Mar 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Issuer symbol
KAI
Transactions as of
10 Mar 2024
Net transactions value
-$210,261
Form type
4
Filing time
12 Mar 2024, 07:42:28 UTC
Previous filing
07 Mar 2024
Next filing
19 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +130 +9.4% 1,517 10 Mar 2024 Direct F1
transaction KAI Common Stock Tax liability $21,255 -65 -4.3% $327.00 1,452 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +383 +26% 1,835 10 Mar 2024 Direct F2
transaction KAI Common Stock Tax liability $62,130 -190 -10% $327.00 1,645 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +85 +5.2% 1,730 10 Mar 2024 Direct F3
transaction KAI Common Stock Tax liability $14,061 -43 -2.5% $327.00 1,687 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +583 +35% 2,270 10 Mar 2024 Direct F4
transaction KAI Common Stock Tax liability $94,503 -289 -13% $327.00 1,981 10 Mar 2024 Direct
transaction KAI Common Stock Options Exercise +112 +5.7% 2,093 10 Mar 2024 Direct F5
transaction KAI Common Stock Tax liability $18,312 -56 -2.7% $327.00 2,037 10 Mar 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KAI Restricted Stock Unit Options Exercise $0 -130 -100% $0.000000* 0 10 Mar 2024 Common Stock 130 $0.000000 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -383 -50% $0.000000 383 10 Mar 2024 Common Stock 383 $0.000000 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -85 -50% $0.000000 84 10 Mar 2024 Common Stock 85 $0.000000 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -583 -33% $0.000000 1,166 10 Mar 2024 Common Stock 583 $0.000000 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -112 -34% $0.000000 222 10 Mar 2024 Common Stock 112 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares represent the partial settlement under a time-based RSU award granted March 9, 2021. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F2 The shares represent the partial settlement under a performance-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F3 The shares represent the partial settlement under a time-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F4 The shares represent the partial settlement under a performance-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F5 The shares represent the partial settlement under a time-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.